Kohler Corporation reports the following components of stockholders' equity at December 31, 2018 Common stock-520 par value, 100,000 shares authorized, 45,000 shares issued and outstanding Pald-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 900,000 60.000 490,00 $1,390,000 During 2019, the following transactions affected its stockholders' equity accounts ban 2 Purchased 4,500 shares of its own stock at $25 cash per share san 5 Directors declared a 54 per share cash dividend payable on February 28 to the February 5 stockholders of record. Feb 28 Paid the dividend declared on January 5. July Sold 1,688 of its treasury shares at $29 cash per share. Aug. 22 Sold 2,812 of its treasury shares at 522 cash per share Sept. 5 Directors declared a 54 per share cash dividend payable on October 28 to the September 25 stockholders of record. Oct. 28 Paid the dividend declared on September 5. Dec. 31 Closed the $400,000 credit balance (from net income in the Income Summary account to Retained Earnings. Required: 1. Prepare journal entries to record each of these transactions 2. Prepare a statement of retained earnings for the year ended December 31, 2019 3. Prepare the stockholders' equity section of the company s balance sheet as of December 31, 2019